In dual agency, the listing agent represents which party?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Study for the UBC Real Estate Exam. Access flashcards and multiple choice questions with hints and explanations. Enhance your preparation and ensure success!

Multiple Choice

In dual agency, the listing agent represents which party?

Explanation:
Dual agency means a single real estate brokerage represents both sides of a transaction. The listing agent’s brokerage has duties to the seller and, in dual agency, also represents the buyer (often through another agent within the same brokerage). This setup requires full disclosure and the informed consent of both clients because it can create conflicts of interest and limit neutral advocacy for either party. So, the correct understanding is that both the buyer and seller are represented by the same brokerage in this arrangement.

Dual agency means a single real estate brokerage represents both sides of a transaction. The listing agent’s brokerage has duties to the seller and, in dual agency, also represents the buyer (often through another agent within the same brokerage). This setup requires full disclosure and the informed consent of both clients because it can create conflicts of interest and limit neutral advocacy for either party. So, the correct understanding is that both the buyer and seller are represented by the same brokerage in this arrangement.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy